What is there to understand? When the WC insurance audit came around every year, the invoice for insuring anyone in "Tree pruning", code 0106 was equal to the wages I paid.
$20,000 in tree wages paid= (almost) $20,000 in worker's compensation insurance bill.
Is that clear enough?
...or was my comment about topping the WC expense confusing? I was attempting to use tree trimming jargon for a despised practice as a suggested activity to do to anyone's insurance bill. I also suggested that you use the search function to find my posts explaining how this might be accomplished. D'ye unnerstan yet?
WOW......here the Audit is quarterly, we pay based on payroll too its like $30.00 per hundred........so 30% some where around there?
but to pay an equal amount as what your payroll is......jeesh!! that right there is why some fly under the radar......who just starting out could/would subject themselves to that?
whats sad is.......right now I am in the process of trying to obtain vendor qualification for a local electric utility.................what fun it is!!!!! Im not even interested in the line clearance aspects, I am interested in the pre-planning, assessing, consulting, data & mapping contract, but all vendors must have the same limit coverage.
I think this is crazy............But, whatever! the limits they are requesting are not for the faint at heart & the initial upfront costs....well lets just say...it would appear they or someone doesnt want the lil guy in the reindeer games!
this is just to qualify I might ad, no gaurantee of even getting a contract!! So... Ill have to think about if it is worth it or not, Ill be competing against Davey resource group & ACRT...................BTW......cost wise for what they want will be in upwards of $10,000.00 a month!!!!
LXT...............